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The efficiency of infrastructure spending

Balassone, Fabrizio - Banca d'Italia - 2012

The volume collects the papers presented at the Conference on "Banks, Local Credit Markets and Credit Supply" held in Milan, on 24 March 2010. The papers presented at the two sessions of the Conference analyse how banks' lending activities are organized and how this affects the supply of credit...

Persistent link: https://www.econbiz.de/10011277933

Are firms exporting to China and India different from other exporters?

Navaretti, Giorgio Barba; Bugamelli, Matteo; … - Banca d'Italia - 2012

This paper asks whether and why advanced countries differ in their ability to export to China and India. We exploit a newly collected, comparable cross-country survey of 15,000 European manufacturing firms (EFIGE). The dataset contains information on firmsï¿½ international activities and...

Persistent link: https://www.econbiz.de/10009654302

Banks, local credit markets and credit supply

Cannari, Luigi; Pagnini, Marcello; Rossi, Paola - Banca d'Italia - 2010

Persistent link: https://www.econbiz.de/10008788629

Debt restructuring and the role of lending technologies

Micucci, Giacinto; Rossi, Paola - Banca d'Italia - 2010

The literature on debt restructuring usually assumes that banks behave in a uniform way towards firms in distress. Using a recent survey of Italian banks, we show that banks follow different strategies when they decide whether to take part in the workout process, in that some of them do...

Persistent link: https://www.econbiz.de/10008560238

The pro-competitive effect of imports from China: an analysis of firm-level price data

Bugamelli, Matteo; Fabiani, Silvia; Sette, Enrico - Banca d'Italia - 2010

The entry of China into world markets has been one of the strongest recent shocks to world trade and advanced countries. industrial sectors. This is particularly true for Italy where labour-intensive, low-technology production represents a large share of output. Using Italian manufacturing...

Persistent link: https://www.econbiz.de/10008562406

Lending organizational structure and the use of credit scoring: evidence from a survey on Italian banks

Albareto, Giorgio; Benvenuti, Michele; Mocetti, Sauro; … - Banca d'Italia - 2008

This paper examines the results of a survey carried out in 2007 by the Bank of Italy concerning different characteristics of the organization of lending activities. Between 2003 and 2006 the physical distance between the headquarters and the branches increased, the limits to the decision-making...

Persistent link: https://www.econbiz.de/10005113688

Retail sector concentration and price dynamics in the euro area: a regional analysis

Ciapanna, Emanuela; Rondinelli, Concetta - Banca d'Italia - 2011

We conduct a regional analysis of the relationship between market concentration and price dynamics in the grocery …, we construct Herfindahl-Hirschman indices of concentration at the buying group, parent company and individual shop level … changes. Our results point to a positive association between retail market concentration and price growth in food and …

Persistent link: https://www.econbiz.de/10009364558

Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits

Focarelli, Dario; Panetta, Fabio - Banca d'Italia - 2002

The general conclusion of the empirical literature is that in-market consolidation generates adverse price changes, harming consumers. Previous studies, however, look only at the short-run pricing impact of consolidation, ignoring all effects that take longer to materialize. Using a database...

Persistent link: https://www.econbiz.de/10005113523

Consolidation and efficiency in the financial sector: a review of the international evidence

Amel, Dean; Barnes, Colleen; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 2002

In response to fundamental changes in regulation and technology, the financial industry around the world is undergoing an unprecedented wave of consolidation. A growing body of empirical literature has attempted to measure the efficiency gains from M&As; however there is little sense of how the...

Persistent link: https://www.econbiz.de/10005770770

The price strategies of export-oriented Italian firms

Bugamelli, Matteo; Tedeschi, Roberto - Banca d'Italia - 2005

This paper estimates a pricing-to-market equation for Italy over the period 1990-99 with the aim of assessing the degree of exchange rate pass-through (ERPT). As compared to previous works, we minimize aggregation and selection biases using export data on all products (about 700 from 4 digits of...

Persistent link: https://www.econbiz.de/10005113639